Actuarial Science

Actuaries specialize in the evaluation of insurance and financial risks. They hold positions of responsibility with insurance companies, consulting firms, investment banks, government regulatory organizations, and government insurance programs. Actuaries must also pass a series of professional exams, administered by the Society of Actuaries and Casualty Actuarial Society, to receive the credential of Associate or Fellow. These professional exams are both quantitative and qualitative, demanding that the actuary demonstrate expertise in a variety of mathematical and business analytic applications.

Temple University offers one of the most distinguished Actuarial Science programs in North America. Located in the Department of Risk, Insurance, and Healthcare Management, the Actuarial Science program gives students the opportunity to develop a strong foundation in mathematics and statistics while being exposed to a wide range of business disciplines. Our program is recognized by the Society of Actuaries as a Center of Actuarial Excellence (CAE).

B.B.A. Program Description

Students in our Actuarial Science Program earn a B.B.A. while preparing for the actuarial profession. Our majors take university core classes and business core classes as well as major courses and electives. These courses include Calculus I, II, III, various courses in Probability and Statistics, Theory of Interest, Actuarial Modeling I and Actuarial Modeling II.

The required courses in the major cover topics on these professional actuarial exams: Exams P/1, FM/2, S, and MLC. Elective courses cover topics on Exams MFE/3F and C/4.

Department Faculty

At Temple, you will study under a faculty of highly regarded teachers and scholars. Temple faculty are nationally and internationally recognized authorities in the fields of actuarial science and risk management/insurance. They have authored numerous texts and study manuals, published extensively in prestigious academic and professional journals, and been recognized by awards for teaching and research excellence.

B.B.A. Program Opportunities

The Philadelphia and New York metropolitan areas form a major center for insurance, reinsurance, and related consulting activities in the United States. At Temple University, with its main campus close to center city Philadelphia, you will be well-positioned to take full advantage of the professional opportunities of the region.

The Actuarial Science program maintains a close, ongoing, and dynamic relationship with the actuarial and insurance communities. As a Temple undergraduate student, you will:

meet professional actuaries who regularly visit campus,

receive timely information on internships and full-time employment, and

have the opportunity to be featured in the department’s resume book.

Admission to the B.B.A. Program

Admission requirements to the B.B.A. program in Actuarial Science follow the general requirements established by the Undergraduate School at Temple University. (Please see the Undergraduate School Bulletin.)